Karnataka Legislative Assembly has introduced a bill to amend the Karnataka Societies Registration Act, 1960 in its 15th Legislative Assembly. The bill has substituted section 27A of the Karnataka Societies Registration Act, 1960 which talks about the Appointment of an
The Ministry of Corporate Affairs (MCA) has integrated with Profession Tax (PT) in Karnataka as part of Government of India’s Ease of Doing Business (EODB) initiatives. The SPICe+ applications approved for the State of Karnataka shall mandatorily provide Profession Tax
Considering the representations made by various stakeholders, the Ministry of Corporate Affairs (“MCA”) has extended Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020, (previously valid till 30 September 2020) for a period of 3 months, to 31 December
The Annual General Meeting (AGM) for the financial year ended 31 March 2020 has been extended till 31 December 2020 for all companies. Though the MCA had allowed companies to conduct AGMs through audio-visual means, the prevailing pandemic crisis had
Ministry of Corporate Affairs (“MCA”) vide its notification number G.S.R. 526(E) dated 24 August 2020 has notified Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 (the “Amended Rules”) in order to keep Companies (Corporate Social Responsibility Policy) Rules, 2014 (the
Ministry of Corporate Affairs (“MCA”) vide notification dated 24 August 2020 has amended item (ix) of Schedule VII of the Companies Act, 2013 (the “Act”) to include certain other activities which Companies may undertake in their Corporate Social Responsibility activities.
Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31 March 2020. Ministry of Corporate Affairs vide general circular dated 17 August 2020 has reiterated that the companies which are unable to hold their
The Ministry of Corporate Affairs ("MCA") has introduced new incorporation form "SPICE+" and "AGILE PRO" that allows the stakeholders to make a composite application for incorporation and following additional services: - Reservation of Name; - Incorporation; - Employees’ Provident Fund
The Ministry of Corporate Affairs (the MCA) vide its notification dated 24 January 2019, has notified Companies (Winding Up) Rules, 2020 ("Rules") to make the winding procedure easier for certain class of companies having small scale of business. These Rules
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